Netflix has quietly been building out a library of more than 70 video games as part of an ambitious new push to become a gaming giant, testing out a cloud gaming service and posting job openings for its first big-budget, blockbuster game. But it’s a notoriously tough market to break into, one that many tech and media giants have tried at and failed. The undertaking is just one of a slew of new business lines that the Netflix has been experimenting with, and they’re more important than ever as its stock lags behind the megacaps it used to be on par with. This week on Tech Check, we dive into Netflix’s new side quest.
Okta shares fall 11% after company says client files were accessed by hackers via its support system
Cybersecurity firm Okta said an unidentified hacker had accessed the company’s support system and viewed client files.
This lesser-known 401(k) feature is a ‘no-brainer’ for big savers, advisor says
Big savers can funnel more into 401(k) plans for 2023 with after-tax contributions. Here’s what investors need to know.
Nvidia is still the darling of Wall Street analysts, despite new AI chip restrictions. But for how long?
Investors have dumped Nvidia (NVDA) stock aggressively in response to tougher U.S. restrictions on the export of artificial intelligence chips to China.
XRP rises after SEC drops claims against Ripple Labs executives: CNBC Crypto World
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Stu Alderoty, chief legal officer at Ripple, discusses the SEC’s decision to drop its lawsuit against two Ripple Labs executives, Brad Garlinghouse and Chris Larsen.
Nike is among the most overbought stocks in the S&P 500. Here are the others
CNBC Pro used FactSet data to screen for the most overbought and oversold names in the S&P 500 based on their 14-day relative strength index, or RSI.
As mortgage rates hit 8%, home ‘affordability is incredibly difficult,’ economist says
Mortgage rates hit 8% for the first time in decades. Homebuyers must earn $114,627 to afford a median-priced house in the U.S., found real estate firm Redfin.
Ella Irwin says working at X was ‘the hardest experience’ of her career
Prosecutors in Bankman-Fried trial compare defense argument to ‘Dumb and Dumber’
In a brief to Judge Lewis Kaplan on Thursday, prosecutors compared one of the defense’s jury instructions to a scene in the 1994 comedy starring Jim Carrey.
The chip stock is getting a ton of love from Wall Street, and it’s not Nvidia
This major chipmaker is getting a lot of love on Wall Street after reporting third-quarter earnings this week — and no, it’s not Nvidia.